TSX:SCR - Post Discussion
Post by
Seppelt on Dec 02, 2024 10:24am
Gear transaction
Gear "is pleased to announce that it has entered into an arrangement agreement (the
“Agreement”) with a large publicly traded company (the “Purchaser”) pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of Gear (the "Gear Shares"), excluding its Central Alberta, Southeast Saskatchewan, and Tucker Lake properties (collectively, the “Newco Assets”) which will be transferred to a newly formed entity ("Newco"), for $110 million in cash, subject to adjustments as provided for in the Agreement (the “Transaction”)."
Reading the above my first thought was that it could be SCR. Who else would be interested in "Lloydminster heavy and medium oil assets (other than the Tucker Lake property)" ?
Unless I have missed it, there are no other news mentioning the buyer.
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